In the journal provided,prepare journal entries without explanations for the following transactions.Write "no entry" if none is needed.
a.Received a $3,000 invoice for this month's rent.Payment will not be made right away.
b.Paid $3,200 for insurance premiums to cover the next six months.
c.A $700 dividend is declared and paid.
d.The rent invoice (in a)is paid.
e.Purchased land for $120,000.The company paid half in cash and issued a promissory note for the other half.

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The Answer of In the journal provided,prepare journal entries without explanations for the following transactions.Write "no entry" if none is needed.
a.Received a $3,000 invoice for this month's rent.Payment will not be made right away.
b.Paid $3,200 for insurance premiums to cover the next six months.
c.A $700 dividend is declared and paid.
d.The rent invoice (in a)is paid.
e.Purchased land for $120,000.The company paid half in cash and issued a promissory note for the other half.

In the Journal Provided,prepare Journal Entries Without Explanations for the Following